India's largest natural gas field Bassein in the Arabian Sea has seen a remarkable turnaround with the natural decline that had set in at the year old field reversed and output slated to rise by a quarter to a record high in
Mon, Mar 19 The last few rounds of CGD bidding had seen lukewarm response. Last October, the regulatory body had called for industry comments on an alternative model of bidding criteria for CGD. Companies with a net worth of not less than Rs crore can bid for cities with 5 million people, and those with Rs crore net worth can bid for cities with million people.
A Rs5 crore net worth company can bid for cities with less than 1 million people. Companies which win CGD licence for a city would have eight years of marketing exclusivity in that city, against the existing five years.
Also, entities with experience of at least one year in operation and maintenance of a CGD network and with adequate number of technically qualified personnel would meet the eligibility criteria for bidding. The sixth round of bidding for 34 cities in saw only 20 bids.
The seventh round for 11 cities received only one bid. Seven cities were offered in the eighth round last year but not all licences have been awarded so far. PNGRB in its notice dated 16 January on the draft bidding regulations had invited comments by 2 February after which it will finalise the criteria.
Sun, Mar 18 ONGC pays government 06, crore for HPCL FE BUREAU New Delhi, January 31 Shree Cement and Other companies, Continued3/3 Metals There are expectations that tic steel producers such as Tata steel, JSW steel and Jindal Steel & Power. Removal of export duty on high grade iron ore can lead to higher domestic prices, which will be posi.
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Oil and Natural Gas Corporation (ONGC) and Gujarat State Petroleum Corporation (GSPC). with the demand outpacing supply and companies aiming at increasing the gas grid network. This will.
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